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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Malawian Kwacha/South African Rand (FOREX:MWKZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MWKZAR
Open High Low MWKZAR Price Change
0.019762 0.019866 0.019707 0.019817 +0.000055
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

long term up The long term trend has been UP since May 1st, 2018 at 0.017250

intermediate term down The intermediate term trend has been DOWN since Sep 26th, 2018 at 0.019507

short term up The short term trend has been UP since Oct 19th, 2018 at 0.019799

Smart Scan Analysis for MWKZAR

Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for MWKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.019762 0.019866 0.019707 0.019817 +0.000055
Prev. Close Volume Bid Ask Time
0.019762 0.019587 0.020046 2018-10-19 14:43:08
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